Law Quote by Joseph Befumo
““Plunder by force or subterfuge is called theft, larceny, burglary, swindling. Plunder under color of law can take the form of ‘economic regulation’, ‘too big to fail’, ‘corporate subsidies’, bail-outs, tax exemptions, and a plethora of other noble-sounding, but ultimately self-serving programs.””
About This Quote
Source Article: Economic critique, 2020
State-sanctioned actions that appear beneficial often serve private interests under the guise of regulation.
In simple terms: Government policies can hide self‑interest.
Scrutinize policies for hidden motives.
Themes
Mood
Type
When to use this quote
- tax law
- government subsidies
- financial bailouts
- regulatory capture
Key Concepts
Questions to Reflect On
- Which policies seem beneficial but might conceal self‑interest?
- How can citizens hold regulators accountable?
Not all regulation is harmful; some protect public welfare.